Nucor holds the line on published HR spot price

Nucor said on Monday its spot base price for hot-rolled (HR) sheet this week will again be $750 per short ton.

The company has kept its weekly HR coil consumer spot price (CSP) at that level since Nov. 12.

Likewise, the weekly spot base price for HR from California Steel Industries (CSI) is unchanged this week at $810/st, Nucor said. CSI is a joint venture of the Charlotte, N.C.-based steelmaker and JFE Steel.

Buyers reported HR coil spot prices ranging from $650-700/st in SMU’s Dec. 10 market check. Last week’s average of $675/st, FOB mill East of the Rockies, was down $5/st from the previous week.

You can track mill pricing announcements using the calendar on our website.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. Since 2007, she has held various editorial and marketing positions with steel industry publications, associations, and mills. In 2021, after a five-year hiatus working across other industries, she returned to steel trade journalism, joining SMU in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.

Laura Miller

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